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tarati.lorenzo

USDJPY - Sell Potential for Today

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
tarati.lorenzo Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis
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trendanalysis chartpattern waveanalysis
Trading Plan with LT

  • Price Action: Price has been impulsive from the 07/11 to 10/11. In order for us to resume our buy we need sellers to be in the Market. Price going below 104.820 will definitely induce sellers for a potential buy later on.
  • Fundamental: Any news that makes JPY strong and USD weak for now will do but remember the bigger and long term is to the upside.
  • Technical: We are in wave 4 i believe and about to complete wave c. After wave c we can go for wave 5 or we can also make a complex structure.

Manage it Well
Cheers

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Trade closed: target reached
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